Axa grew its holdings in Prologis Inc (NYSE:PLD) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 607,941 shares of the real estate investment trust’s stock after purchasing an additional 64,245 shares during the quarter. Axa owned about 0.11% of Prologis worth $38,580,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Evercore Wealth Management LLC grew its position in shares of Prologis by 18.2% in the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 350 shares during the last quarter. IFP Advisors Inc grew its position in shares of Prologis by 40.7% in the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 915 shares during the last quarter. ETF Managers Group LLC acquired a new stake in shares of Prologis in the second quarter valued at about $193,000. Lincoln National Corp acquired a new stake in shares of Prologis in the second quarter valued at about $205,000. Finally, Commerce Bank acquired a new stake in shares of Prologis in the second quarter valued at about $209,000. 95.57% of the stock is currently owned by institutional investors.

Shares of Prologis Inc (NYSE PLD) opened at $65.98 on Friday. Prologis Inc has a 1 year low of $48.33 and a 1 year high of $67.53. The firm has a market capitalization of $35,106.77, a PE ratio of 23.82, a P/E/G ratio of 4.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80.

Prologis (NYSE:PLD) last released its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The business had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. analysts anticipate that Prologis Inc will post 2.8 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, December 15th. Prologis’s dividend payout ratio (DPR) is presently 52.85%.

Several equities research analysts have recently issued reports on PLD shares. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Jefferies Group reaffirmed a “hold” rating and issued a $66.00 price target (up from $59.00) on shares of Prologis in a research report on Thursday, August 24th. KeyCorp reaffirmed a “buy” rating and issued a $65.00 price target on shares of Prologis in a research report on Sunday, August 27th. Wells Fargo & Company set a $65.00 price target on Prologis and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, J P Morgan Chase & Co downgraded Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price target on the stock. in a research report on Friday. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Prologis has an average rating of “Buy” and a consensus price target of $66.29.

In other Prologis news, CEO Eugene F. Reilly sold 18,000 shares of Prologis stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,216,940.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total value of $999,150.00. Following the sale, the chief executive officer now directly owns 63,365 shares in the company, valued at $4,220,742.65. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.

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About Prologis

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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